Apple said to buy AI start-up Turi for $200 mn

Apple’s move is part of a broader battle among Google, Facebook and Amazon to gain an edge in AI Bloomberg August 6, 2016 Last Updated at 21:19 IST http://mybs.in/2TGoBOr Copy tiny URL to save and share articles. Apple acquired artificial intelligence start-up Turi for about $200 million, according to people familiar with the situation, in the latest deal by the iPhone maker to accumulate advanced computing capabilities for its products and services.Turi helps developers create and manage software and services that use a form of AI called machine learning. It also has systems that let companies to build recommendation engines, detect fraud, analyse customer usage patterns and better target potential users, according to the Seattle-based start-up’s website. Apple could use this to more rapidly integrate the technology with future products.…